SCOTTS VALLEY (dpa-AFX) - Corrects to show prior year quarter revenue figures in billion in the third para:
Seagate Technology Public Ltd. Co. (STX) Wednesday reported third-quarter net income of $416 million or $1.13 per share, compared to $1.15 billion or $2.48 per share last year.
Excluding items, adjusted earnings for the quarter were $464 million or $1.26 per share, compared to $1.58 billion or $4.10 per share a year ago.
Revenues for the quarter were $3.53 billion, compared to $4.45 billion a year ago.
Analysts polled by Thomson Reuters estimated earnings of $1.15 per share on revenues of $3.38 billion for the quarter. Analysts' estimates typically exclude special items.
The company said its Board has approved a quarterly cash dividend of $0.38 per share, payable May 29 to shareholders of record May 15.
Ireland-based Seagate Technology designs hard disk drives for enterprise storage, client compute, and client non-compute market applications.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
